RWE has secured two offshore wind sites in the North Sea, with a combined capacity of 4 GW, in the latest auction held by the German Federal Network Agency. The sites, N-9.1 and N-9.2, are located between 110 km and 115 km northwest of Borkum island, near the Dutch Exclusive Economic Zone. RWE’s winning bid for these sites amounted to €250 million. Each site is capable of supporting offshore wind farms with a capacity of…
U.S. President Joe Biden has increased the tariff-free import quota for solar cells to 12.5 gigawatts (GW) from the previous 5 GW, more than doubling the allowable volume to support domestic solar panel manufacturers that rely on overseas components. The tariff on these imports remains at 14.25%. This change, announced in a White House proclamation, is intended to aid the U.S. solar manufacturing sector, which has faced challenges from low-priced imports primarily from Asia. The…
Despite nationwide protests disrupting economic activities, Bangladesh’s electricity demand grew 7% over three weeks, reaching an average of 316 million kWh per day. This increase, driven mainly by household air-conditioning use amid extreme heat, occurred even as most industrial and commercial activities came to a halt. The rise in residential power consumption highlights a shift in Bangladesh’s energy landscape, where household demand now surpasses industrial use. This trend has pushed Bangladesh to boost imports of…
The Chinese government has filed a complaint with the World Trade Organisation (WTO) in response to the European Union’s (EU) imposition of tariffs on electric vehicles (EVs) made in China. The provisional tariffs, ranging from 17.4% to 37.6%, come on top of an existing 10% duty on Chinese auto imports. The EU argues that Chinese EV manufacturers benefit unfairly from government subsidies, enabling them to sell vehicles at artificially low prices, a claim China disputes….
Open Access Energy (OAE), a software company focused on energy transactions, has secured a $750,000 investment from Factor E Ventures as part of a $1.5 million seed funding round. This investment is aimed at enhancing South Africa’s energy stability and supporting the country’s transition to renewable energy. Founded in 2021, OAE has developed innovative platforms like Amptera and Energypro, which facilitate real-time energy transactions and improve energy management for independent power producers (IPPs) and municipalities….
Fortis Energy has obtained preliminary permits for three wind projects in Serbia, totalling 509.4 MW. These projects will generate 1.5 billion kWh of renewable energy annually, enough to power 750,000 households and prevent 350,000 tons of carbon emissions each year. EMS (Elektromreža Srbija) has confirmed grid connections for Fortis’ 171 MW Vranje and 194.4 MW Gornjak wind parks, while the 144 MW Juhor wind park is still undergoing the preliminary licensing process. Wind measurements and…
UK Export Finance (UKEF) and Polish export credit agency KUKE have teamed up to provide a €249 million loan guarantee for Turkish renewable energy firm Kalyon Enerji. The guarantee, arranged by Standard Chartered Bank, will finance the construction of a 390 MW solar project across Turkey’s provinces of Bor-Nigde, Gaziantep, and Sanliurfa-Viransehir, set to become the country’s second-largest solar initiative. Once completed, the solar farms will supply clean energy to over 65,000 Turkish households annually….
Graphic Packaging International has signed a virtual Power Purchase Agreement (vPPA) with renewable energy company Zelestra to source clean energy from two solar projects in Spain, José Cabrera and Socovos II, totalling 83 MW. This agreement supports Graphic Packaging’s commitment to reducing its greenhouse gas emissions, aiming to cut Scope 1 and 2 GHG emissions by 50.4% by 2032. Under the agreement, Graphic Packaging will receive guarantees of origin for approximately 86% of the solar…
SEG Solar has launched a new PV module manufacturing facility in Houston, Texas, with an initial capacity of 2 GW of n-type panels per year. The fully automated production line, touted as the longest in the world, is set to expand to 5 GW by 2030. The company has invested $60 million in the Houston facility, which aims to bring more of the solar supply chain to the United States. The production line is highly…
On 9 August, CS Energy announced that its 100MW/200MWh Chinchilla Battery is fully operational and ready to support Queensland’s power grid. The battery underwent extensive testing to ensure safety and reliability under various operating conditions. Developed in collaboration with Tesla and construction contractor Downer, the Chinchilla Battery is the first project to become operational from CS Energy’s Kogan Creek Clean Energy Hub. Tesla supplied 80 Megapack 2 systems for the project, while Downer invested over…
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